Dec, 31, 2023 — SYMPHONY FEDERAL CREDIT UNION is a federal credit union headquartered in BOSTON, MA with 1 branch location and about $1.72 million in total assets. Opened 56 years ago in 1968, SYMPHONY FEDERAL CREDIT UNION has about 259 members offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SYMPHONY FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 301 Massachusetts Ave BOSTON, MA 02115 |
| Phone: | (857) 362-7328 |
| Fax: | (857) 362-7329 |
| Website: | n/a |
| Branches: | 1 branch locations |
| Members: | 259 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 18861 |
|---|---|
| Membership Type: | Multiple common bond - other |
| Corporate Credit Union: | No |
| Year Opened: | 1968 |
| Last Audited: | Sep 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $1,721,635 |
| CEO/Manager: | Christine Ross |
| Chairperson: | Ronan L Lefkowitz |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 140,815 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 487,411 |
| Unsecured Loans | 149,970 |
| Other Loans | 833,347 |
| TOTAL LOANS | 1,547,775 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -14,018 |
| Land And Building | 0 |
| Other Fixed Assets | 0 |
| NCUSIF Deposit | 18,156 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,721,635 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 7,909 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -62 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 0 |
| Regular shares | 799,286 |
| All Other Shares & Deposits | 718,666 |
| TOTAL SHARES & DEPOSITS | 1,517,953 |
| TOTAL LIABILITIES | 1,525,800 |
| Regular Reserve | 0 |
| Other Reserves | 189,519 |
| Undivided Earnings | 6,316 |
| TOTAL EQUITY | 195,835 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,721,635 |
| INCOME & EXPENSE | |
| Loan Income | 103,103 |
| Investment Income | 9,614 |
| Other Income | 0 |
| Total Employee Compensation & Benefits | 86,691 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 39,194 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 0 |
| Cost of Funds | 11,372 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,460 |
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